Erbud (LTS:0LTL) Cyclically Adjusted PB Ratio: 0.67 (As of Jul. 24, 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0LTL Erbud SA LTS:0LTL
65 GF Score
Price zł25.45
GF Value zł37.78
! 8 Warning Signs
View Full Analysis

What is Erbud Cyclically Adjusted PB Ratio?

Erbud LTS:0LTL 65 Cyclically Adjusted PB Ratio is 0.67 as of Jul. 24, 2026, which is 32% below its 10-year median of 0.98. GuruFocus rates LTS:0LTL with a GF Score™ of 65/100 and a GF Value™ of zł37.78. The stock has 8 warning signs investors should review. Among 1,363 Construction companies, Erbud ranks better than 74.98% on this metric.

As of today (2026-07-24), Erbud's current share price is zł25.45. Erbud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł38.18. Erbud's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for Erbud's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0LTL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.98   Max: 4.33
Current: 0.58

During the past years, Erbud's highest Cyclically Adjusted PB Ratio was 4.33. The lowest was 0.44. And the median was 0.98.

LTS:0LTL's Cyclically Adjusted PB Ratio is ranked better than
74.98% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs LTS:0LTL: 0.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Erbud's adjusted book value per share data for the three months ended in Mar. 2026 was zł34.599. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is zł38.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Erbud  (LTS:0LTL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Erbud Cyclically Adjusted PB Ratio Related Terms


Erbud Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Erbud's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Erbud Cyclically Adjusted PB Ratio Chart

Erbud Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 1.08 1.22 0.90 0.72

Erbud Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 0.90 0.82 0.72 0.67

LTS:0LTL vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Erbud's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Erbud Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Erbud's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Erbud's Cyclically Adjusted PB Ratio falls into.


LTS:0LTL
65GF Score
Erbud SA LTS:0LTL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Erbud Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Erbud's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.45/38.18
=0.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Erbud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Erbud's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=34.599/163.0700*163.0700
=34.599

Current CPI (Mar. 2026) = 163.0700.

Erbud Quarterly Data

Book Value per Share CPI Adj_Book
201606 19.399 99.552 31.776
201609 20.048 99.064 33.001
201612 19.643 100.366 31.915
201703 19.902 101.018 32.127
201706 20.385 101.180 32.854
201709 20.938 101.343 33.691
201712 21.531 102.564 34.233
201803 21.490 102.564 34.168
201806 17.408 103.378 27.460
201809 17.783 103.378 28.051
201812 18.200 103.785 28.596
201903 18.364 104.274 28.719
201906 19.419 105.983 29.879
201909 20.430 105.983 31.435
201912 20.815 107.123 31.686
202003 21.045 109.076 31.463
202006 21.877 109.402 32.609
202009 22.392 109.320 33.402
202012 24.280 109.565 36.137
202103 26.041 112.658 37.694
202106 25.749 113.960 36.845
202109 46.394 115.588 65.452
202112 45.703 119.088 62.582
202203 45.778 125.031 59.706
202206 44.970 131.705 55.679
202209 44.950 135.531 54.084
202212 45.338 139.113 53.146
202303 44.176 145.950 49.358
202306 43.126 147.009 47.838
202309 48.771 146.113 54.431
202312 45.058 147.741 49.733
202403 45.277 149.044 49.538
202406 42.713 150.997 46.128
202409 43.068 153.439 45.771
202412 40.784 154.660 43.002
202503 39.551 157.021 41.075
202506 38.020 157.509 39.362
202509 37.486 158.000 38.689
202512 36.148 158.320 37.233
202603 34.599 163.070 34.599

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.67 mean?
Erbud (LTS:0LTL) has a Cyclically Adjusted PB Ratio of 0.67 as of Jul. 24, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Erbud and its competitors. This is 32% below median its historical median of 0.98. Over the past decade, Erbud's Cyclically Adjusted PB Ratio has ranged from 0.44 to 4.33. According to the industry distribution chart, Erbud ranks #341 out of 1363 companies in the Construction industry, placing it in the top 25%.
Is Erbud's Cyclically Adjusted PB Ratio too high?
Erbud's current Cyclically Adjusted PB Ratio of 0.67 is 32% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 4.33. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Erbud's value of 0.67 is 42.7% below this industry median. Based on the distribution chart, Erbud ranks #341 out of 1363 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Erbud has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Erbud's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Erbud ranks #341 out of 1363 companies for Cyclically Adjusted PB Ratio. This places Erbud in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. Erbud's value of 0.67 is 42.7% below this benchmark. Historically, Erbud's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 4.33 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.17, Erbud has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,363 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Erbud's current Cyclically Adjusted PB Ratio of 0.67 is 42.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Erbud and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Erbud's current Cyclically Adjusted PB Ratio is 0.67, which is 32% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erbud stock overvalued right now?
Erbud (LTS:0LTL) has a current Cyclically Adjusted PB Ratio of 0.67. The stock's GF Value™ is zł37.78, compared to a current price of zł25.45 — trading 32.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is 32% below median its 10-year median of 0.98 and 42.7% below the Construction industry median of 1.17. Erbud's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Erbud (LTS:0LTL), the current Cyclically Adjusted PB Ratio is 0.67 as of Jul. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Erbud (LTS:0LTL) Overvalued in 2026?

Based on GuruFocus' analysis, Erbud stock appears to be undervalued. The current stock price of zł25.45 is trading 32.6% below its estimated GF Value™ of zł37.78.

Key valuation signals for LTS:0LTL:

  • Cyclically Adjusted PB Ratio: 0.67 (32% below median its 10-year median of 0.98)
  • GF Value™: zł37.78 vs. price of zł25.45 (32.6% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 42.7% below the Construction median (#341 of 1363)

No single metric tells the full story. See the LTS:0LTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Erbud Business Description

Other Exchanges ERB:Poland
Address Ul. Franciszka Klimczaka 1, Warszawa, POL, 02-797
Erbud SA is a Poland-based construction company. It undertakes projects for the construction of offices, shopping centers, power industries, industrial buildings and structures, residential buildings, public utilities, hotels, and hospitals. The organization is active in the business divisions of Construction activities, which relate to building construction; Development activities; Road engineering activities; and Construction activities related to engineering and maintenance services for the industry and power sector. The group operates in Poland and internationally. It derives maximum revenue from building construction activities.
65GF Score

Get the complete analysis for LTS:0LTL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł25.45
Price
zł37.78
GF Value